OVERSTOCK COM INC (NYSE: OSTK) has reported E.P.S. of $-1.62 for its first fiscal quarter (ending March 31) versus $-0.23 for the same period a year ago. This performance was $-1.48 short of the consensus estimate of $-0.14. For the latest four quarters through March 31, E.P.S. were $-8.19 compared to $-1.26 a year ago.
Recent Price Action
On 5/6/24, OVERSTOCK COM INC (NYSE: OSTK) stock declined modestly by -1.8%, closing at $21.89. Moreover, unusually high trading volume at 177% of normal accompanied the decline. The stock has risen 1.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OSTK is expected to continue to be Value Creation neutral.
OVERSTOCK COM INC has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. OVERSTOCK COM INC has a very low Appreciation Score of 11 but a good Power Rating of 79, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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